TOKYO, July 5 (Reuters) - Japan's Nikkei share average
dropped on Tuesday morning, snapping a six-day winning streak
after a stronger yen triggered profit taking, while banking
stocks underperformed on fears of counterparty risks following a
drop in European banks.

The Nikkei dropped 1.0 percent to 15,620.11 in
midmorning trade after gaining 5.5 percent in the course of its
six day rally.

"Although fears about the dollar going below 100 yen again
have receded, there is still an impact on Japanese
manufacturers' earnings under the current currency levels," said
Kazuhiro Takahashi, equity analyst at Daiwa Securities.

He added that investors probably won't take large positions
before the release of U.S. jobs data this Friday.
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